Telefónica and Qualcomm Technologies, Inc. announced a collaboration to strengthen their position as leaders in the future of XR and Metaverse. Together they will work to develop and grow the XR ecosystem, leveraging the Snapdragon Spaces™ XR developer platform and Telefónica’s advanced fixed and mobile network infrastructure. The agreement also includes exploring joint business opportunities and launching XR/metaverse products and services.

Telefónica sees many possibilities in the combination of immersive devices with powerful networks and decentralized Web3 technologies. This agreement opens the opportunity to offer new experiences to customers by merging the digital and analog worlds, reinventing commerce, entertainment and communication in the…